2024-11-13T08:31:07-06:00 2023-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2023-01-01 131623848 COUNCIL FOR ECONOMIC EDUCATION COUN 2128273600 122 E 42ND STREET 1012 NEW YORK NY 101682699 NAN J MORRISON PRESIDENT & CEO 2128273600 2024-11-12 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2024-11-06 2023 2024-10-15 13:58:12Z NAN J MORRISON 122 E 42ND STREET 1012 NEW YORK NY 101682699 9912603 0 X WWW.COUNCILFORECONED.ORG X 1949 DC THE MISSION OF THE COUNCIL FOR ECONOMIC EDUCATION (CEE) IS TO EQUIP K12 STUDENTS WITH THE TOOLS AND KNOWLEDGE OF PERSONAL FINANCE AND ECONOMICS SO THAT THEY CAN MAKE BETTER DECISIONS FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. WE CARRY OUT OUR MISSION IN THREE WAYS. WE ADVOCATE TO REQUIRE PERSONAL FINANCE AND ECONOMIC EDUCATION IN EVERY STATE. WE PROVIDE TRAINING, TOOLS AND RESOURCES ONLINE AND LIVE THROUGH OVER 180 AFFILIATES NATIONWIDE TO MORE THAN 40,000 TEACHERS ANNUALLY WHO IN TURN BRING THE HIGHEST QUALITY ECONOMICS AND PERSONAL FINANCE INSTRUCTION TO OVER 4 MILLION STUDENTS. WE DEEPEN KNOWLEDGE AND INTRODUCE HIGH SCHOOL STUDENTS TO CRITICAL CAREER CAPABILITIES THROUGH OUR NATIONAL PERSONAL FINANCE CHALLENGE, NATIONAL ECONOMICS CHALLENGE, AND INVEST IN GIRLS PROGRAM. 31 30 50 556 0 0 6024463 5081838 305345 460705 9841 72333 300806 368077 6640455 5982953 515666 362809 0 0 3568099 3959904 0 0 1135543 3054683 3747666 7138448 8070379 -497993 -2087426 5639247 3258556 1396269 1106998 4242978 2151558 X SEE SCHEDULE O 0 0 5297735 362809 826918 "CEE'S CORE ACTIVITIES SUPPORT IMPROVING K-12 ECONOMIC AND FINANCIAL EDUCATION THROUGH DELIVERY OF TEACHER PROFESSIONAL DEVELOPMENT TRAININGS (TO MORE THAN 50,000 TEACHERS EACH YEAR) AND THE DEVELOPMENT OF ENGAGING, INTERACTIVE RESOURCES THAT ALIGN TO STATE AND NATIONAL STANDARDS.CEE'S CORE PROGRAMS INCLUDE THE FOLLOWING KINDS OF ACTIVITIES:- CONDUCT PROFESSIONAL DEVELOPMENT ONLINE AND OFFLINE- CREATE RESOURCES AND CURRICULUM- PRODUCE AND SUPPORT STANDARDS AND ASSESSMENT- ADVOCATE FOR PERSONAL FINANCE AND ECONOMIC EDUCATION- CONDUCT THE NATIONAL ECONOMICS CHALLENGE AND THE NATIONAL PERSONAL FINANCE CHALLENGE - CREATE AND PROVIDE TEACHER AWARDS" 865203 OTHER PROGRAM SERVICES INCLUDE MARKETING OUR RESOURCES AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TEACHERS, AND PROVIDING OUR RESOURCES IN AN INCREASING NUMBER OF FORMATS, INCLUDING ONLINE, VIDEO AND WEBINARS IN ADDITION TO PRINT AND IN-PERSON. 6162938 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 109 0 1 50 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X CYNTHIA HALLENBECK 2128273600 122 E 42ND STREET 1012 NEW YORK NY 101682699 NAN J MORRISON PRESIDENT & CEO 40.00 X X 487413 0 33247 LORETTA J MESTER DIRECTOR 1.00 X 0 0 0 JENNY JACOBS DIRECTOR 1.00 X 0 0 0 JENNY VAN LEEUWEN HARRINGTON DIRECTOR 1.00 X 0 0 0 WILLARD HILL JR SECRETARY 1.00 X X 0 0 0 KIM M SHARAN DIRECTOR 1.00 X 0 0 0 LISA H BANKER DIRECTOR 1.00 X 0 0 0 TONIA L KAMINSKY DIRECTOR 1.00 X 0 0 0 MATT CONROY DIRECTOR 1.00 X 0 0 0 MAX RAKHLIN DIRECTOR 1.00 X 0 0 0 JANE ABITANTA DIRECTOR 1.00 X 0 0 0 O KATE SCOTT DIRECTOR 1.00 X 0 0 0 PETER CHAFFETZ DIRECTOR 1.00 X 0 0 0 PETER NURNBERG DIRECTOR 1.00 X 0 0 0 JEFFREY M LACKER DIRECTOR 1.00 X 0 0 0 GRAHAM TANAKA DIRECTOR 1.00 X 0 0 0 JAMES FEBEO DIRECTOR 1.00 X 0 0 0 HOLLY HESS GROOS TREASURER 1.00 X X 0 0 0 HEATHER LAVALLEE DIRECTOR 1.00 X 0 0 0 GARY STERN DIRECTOR 1.00 X 0 0 0 EMILY KOLINSKI MORRIS DIRECTOR 1.00 X 0 0 0 DR JENNIFER A DAVIDSON DIRECTOR 1.00 X 0 0 0 DEIDRE CAMPBELL DIRECTOR 1.00 X 0 0 0 WILLIAM C DUDLEY DIRECTOR 1.00 X 0 0 0 CHET RAGAVAN DIRECTOR 1.00 X 0 0 0 BENJAMIN M FRIEDMAN DIRECTOR 1.00 X 0 0 0 BARRY HAIMES CHAIRMAN 1.00 X X 0 0 0 ANNAMARIA LUSARDI DIRECTOR 1.00 X 0 0 0 REBECCA PATTERSON VICE CHAIRMAN 1.00 X X 0 0 0 SHANE SANDERS DIRECTOR 1.00 X 0 0 0 JOHN J SIEGFRIED DIRECTOR 1.00 X 0 0 0 SALLY WOOD OUTGOING COO/CFO 40.00 X 164993 0 18689 ABITZEL D ROBINSON HOBSON COO/CFO 40.00 X 50312 0 7899 CHRISTOPHER CALTABIANO CHIEF PROGRAM OFFICER 40.00 X 210517 0 9223 DAN DELANY CHIEF DEVELOPMENT OFFICER 40.00 X 194569 0 23747 TARNISHA SMART SR DIRECTOR OF DEVELOPMENT 40.00 X 155900 0 8142 ANDREA MOZO SENIOR DIRECTOR, DIGITAL PRODUCTS 40.00 X 133893 0 47424 RUBEN A RIVERA SR. DIRECTOR, PROFESSIONAL 40.00 X 131356 0 48009 1528953 0 196380 11 0 1 0 FELICIA LIPSON 149 ESAT 69TH STREET NEW YORK NY 10021 CONSULTING 131780 VAULTED OAK LLC 9450 SW GEMINI DR PMB 95556 BEAVERTON OR 97008 CONSULTING 114700 2 28000 602738 4451100 5081838 OTHER REGISTRATION FEE 900099 378205 378205 LICENSE FEES 900099 82500 82500 460705 72844 72844 1864 1864 3689918 3690429 -511 -511 -511 178160 602738 178160 0 416115 61061 355054 355054 11159 11159 11159 5982953 826918 0 74197 X 362809 362809 762553 538096 49064 175393 2544901 1794912 163403 586586 84416 59919 5564 18933 568034 403191 37443 127400 14855 14855 76680 76680 1906610 1604014 234370 68226 14593 8789 4268 1536 271042 149730 69942 51370 58221 35066 17026 6129 113998 68661 33337 12000 298211 236374 14263 47574 224017 198478 10228 15311 599 361 175 63 788 475 230 83 53758 43088 10670 18945 14920 932 3093 EVENT EXPENSES 477334 453492 5292 18550 PROGRAM SUPPLIES 115075 110787 3981 307 REPAIRS & MAINTENANCE 61365 60031 1334 DUES & SUBSCRIPTIONS 28059 16900 8205 2954 13516 2845 10636 35 8070379 6162938 771898 1135543 505863 152747 911236 516819 1202647 555097 41253 53856 69670 102292 241445 92497 658759 602787 57710 55972 1674728 1043524 934695 685752 5639247 3258556 369886 343339 10299 7599 1016084 756060 1396269 1106998 X 1563398 731564 2679580 1419994 4242978 2151558 5639247 3258556 -2087426 -3995 0 X 0 1 X 1 0 X 5599335 3607758 6178950 6024463 5081838 26492344 798889 561189 453456 662456 876820 3352810 6398224 4168947 6632406 6686919 5958658 29845154 176883 325549 125600 196989 200310 1025331 0 176883 325549 125600 196989 200310 1025331 28819823 135817 24644 9702 8731 74708 253602 135817 24644 9702 8731 74708 253602 140756 83438 260547 85650 11160 581551 6674797 4277029 6902655 6781300 6044526 30680307 0.93940 0.92530 0.00830 0.01680 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 20,883. 2020 AMOUNT: $ 2,779. 2021 AMOUNT: $ 6,581. 2023 AMOUNT: $ 11,160. CONSULTING - 2019 AMOUNT: $ 11,466. 2020 AMOUNT: $ 3,333. REGISTRATION FEE - 2019 AMOUNT: $ 108,407. 2020 AMOUNT: $ 77,326. 2021 AMOUNT: $ 253,966. 2022 AMOUNT: $ 85,470. INSURANCE REFUND - 2022 AMOUNT: $ 180. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23521 23521 0 171062 154611 16451 464176 424655 39521 55972 LEASE LIABILITY 756060 756060 X 6216674 -3995 150500 26155 172660 6044014 -61061 -61061 5982953 8308095 150500 61061 211561 8096534 -26155 -26155 8070379 PART X, LINE 2: CEE IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN CEE'S FINANCIAL STATEMENTS. CEE HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023 AND 2022. CEE'S FEDERAL AND STATE INFORMATIONAL RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, CEE WILL RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES PAID FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY CEE AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES 26,155. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -61,061. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 61,061. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES -26,155. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES LICENSE FEE REVENUE 78000 0 0 0 0 0 0 78000 0 78000 0 0 0 0 0 0 GALA 552438 427707 124731 124731 IIG BREAKFAST 228460 175031 53429 53429 780898 602738 178160 178160 178160 0 1 FLORIDA COUNCIL ON ECON EDUC 121 N WESTSHORE BLVD TAMPA FL 33606 591643458 501 (C) (3) 82500 0 EDUCATION - PROFESSIONAL DEVELOPMENT CALIFORNIA COUNCIL ON ECONOMIC EDUCATION 23430 HAWTHORNE BLVD SUITE 280 TORRANCE CA 90505 330237320 501 (C) (3) 43500 0 EDUCATION - PROFESSIONAL DEVELOPMENT OKLAHOMA COUNCIL ON ECON EDUC 100 N UNIVERSITY DR EDMOND OK 73034 736102613 501 (C) (3) 42350 0 EDUCATION - PROFESSIONAL DEVELOPMENT NORTH CAROLINA COUNCIL ON ECONOMIC EDUCATION 809 SPRING FOREST ROAD SUITE 900 RALEIGH NC 27609 237115503 501 (C) (3) 38250 0 EDUCATION - PROFESSIONAL DEVELOPMENT PURDUE UNIVERSITY-IL 23510 NETWORK PLACE CHICAGO IL 60673 301168068 501 (C) (3) 34459 0 EDUCATION - PROFESSIONAL DEVELOPMENT MONTANA COUNCIL ON ECONOMIC EDUCATION PO BOX 1306 HELENA MT 59624 810340006 501 (C) (3) 15500 0 EDUCATION - PROFESSIONAL DEVELOPMENT MICHIGAN COUNCIL ON ECONOMIC EDUCATION 12642 BERESFORD DRIVE STERLING HEIGHTS MI 48313 382183524 501 (C) (3) 11750 0 EDUCATION - PROFESSIONAL DEVELOPMENT 9 PART I, LINE 2: ALL SUBGRANTEES SIGN A GRANT AGREEMENT OUTLINING THE REQUIREMENTS OF THEIR FUNDING. CEE PROGRAM STAFF ARE RESPONSIBLE FOR COORDINATING WITH SUBGRANTEES DURING THE LIFE OF THE GRANT AS ISSUES OR QUESTIONS ARISE. WHEN THE SUBGRANTEE HAS COMPLETED THE GRANT REQUIREMENTS IT IS REQUIRED TO SUBMIT A FINAL REPORT DETAILING THEIR ACHIEVEMENTS. CEE DOES NOT PROVIDE A FINAL PAYMENT TO COMPLETE OUR FINANCIAL OBLIGATION UNTIL THE SUBGRANTEE HAS SUCCESSFULLY REPORTED ON OUTCOMES. IF THE SUBGRANTEE DOES NOT FULLY COMPLETE THE ACTIVITIES THEN THE FUNDING DIMINISHES ACCORDINGLY. X X X 0 0 0 0 0 0 0 1 0 NAN J MORRISON PRESIDENT & CEO 416638 0 65000 0 5775 0 12566 0 20681 0 520660 0 0 0 CHRISTOPHER CALTABIANO CHIEF PROGRAM OFFICER 209500 0 0 0 1017 0 8240 0 983 0 219740 0 0 0 DAN DELANY CHIEF DEVELOPMENT OFFICER 193679 0 0 0 890 0 5975 0 17772 0 218316 0 0 0 SALLY WOOD OUTGOING COO/CFO 162611 0 0 0 2382 0 8671 0 10018 0 183682 0 0 0 ANDREA MOZO SENIOR DIRECTOR, DIGITAL PRODUCTS 131139 0 2500 0 254 0 4052 0 43372 0 181317 0 0 0 RUBEN A RIVERA SR. DIRECTOR, PROFESSIONAL 128580 0 2500 0 276 0 4659 0 43350 0 179365 0 0 0 TARNISHA SMART SR DIRECTOR OF DEVELOPMENT 150200 0 5000 0 700 0 5665 0 2477 0 164042 0 0 0 PART I, LINE 7 INCLUDED IN COLUMN B(II) ARE AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUAL'S 2023 FORM W-2. PART III, 1, BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION: THE MISSION OF THE COUNCIL FOR ECONOMIC EDUCATION (CEE) IS TO EQUIP K12 STUDENTS WITH THE TOOLS AND KNOWLEDGE OF PERSONAL FINANCE AND ECONOMICS SO THAT THEY CAN MAKE BETTER DECISIONS FOR THEMSELVES, THEIR FAMILIES, AND THEIR COMMUNITIES. WE CARRY OUT OUR MISSION IN THREE WAYS. WE ADVOCATE TO REQUIRE PERSONAL FINANCE AND ECONOMIC EDUCATION IN EVERY STATE. WE PROVIDE TRAINING, TOOLS AND RESOURCES ONLINE AND LIVE THROUGH OVER 180 AFFILIATES NATIONWIDE TO MORE THAN 40,000 TEACHERS ANNUALLY WHO IN TURN BRING THE HIGHEST QUALITY ECONOMICS AND PERSONAL FINANCE INSTRUCTION TO OVER 4 MILLION STUDENTS. WE DEEPEN KNOWLEDGE AND INTRODUCE HIGH SCHOOL STUDENTS TO CRITICAL CAREER CAPABILITIES THROUGH OUR NATIONAL PERSONAL FINANCE CHALLENGE, NATIONAL ECONOMICS CHALLENGE, AND INVEST IN GIRLS PROGRAM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORRRATION CONTAINED IN THE 990 PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15A THE COUNCIL ENGAGED AN OUTSIDE FIRM TO BENCHMARK THE COMPENSATION OF THE PRESIDENT AND CEO IN 2021. COMPENSATION RELATED MATTERS ARE REVIEWED ANNUALLY BY THE COMPENSATION AND EXECUTIVE COMMITTEES AND DISCUSSED WITH MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 CEE MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 1,549,591. MANAGEMENT AND GENERAL EXPENSES 226,787. FUNDRAISING EXPENSES 65,172. TOTAL EXPENSES 1,841,550. INTERN: PROGRAM SERVICE EXPENSES 870. MANAGEMENT AND GENERAL EXPENSES 121. FUNDRAISING EXPENSES 49. TOTAL EXPENSES 1,040. PAYROLL FEE: PROGRAM SERVICE EXPENSES 53,553. MANAGEMENT AND GENERAL EXPENSES 7,462. FUNDRAISING EXPENSES 3,005. TOTAL EXPENSES 64,020. FORM 990, PART V, 2A: EMPLOYEES ARE PAID THROUGH A THIRD PARTY ADP TOTALSOURCE XXVIII INC EIN: 02-0418526 AND DID NOT RECEIVE A W2 FROM CEE.